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AGA CGFM Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Governmental Environment (GE) | - Public accountability and governance systems - Legal and ethical framework of government finance - Government financing processes and cycles - Government structure and authority |
| Topic 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) | - Governmental accounting principles - Budgeting systems and processes - Financial reporting standards (federal, state, local) |
| Topic 3: Governmental Financial Management and Control (GFMC) | - Auditing processes and performance measurement - Internal controls and risk management - Financial management functions |
AGA CGFM: Before You Decide
The AGA Certified Government Financial Manager (CGFM) exam is split across 3 areas, with Governmental Accounting, Financial Reporting and Budgeting (GAFRB), Governmental Financial Management and Control (GFMC), Governmental Environment (GE) carrying the most weight. Study in proportion to those shares — the full outline is in the section above this page.
The AGA Certified Government Financial Manager (CGFM) exam costs USD 150 per exam per attempt, with Scaled score 500/700 per exam required to pass. Fail, and that fee returns in full for the retake. Practice with CertkingdomPDF questions until your timed mock scores clear Scaled score 500/700 per exam comfortably — then the exam fee is a single payment, not a subscription.
The CGFM exam is AGA's official certification test — passing it earns the Certified Government Financial Manager (CGFM) credential at the Professional level. Its influence comes from how practical it is: employers use the AGA Certified Government Financial Manager (CGFM) certificate as proof that you can do the work, not just talk about it. It also connects to CPA, CIA, CDFM, giving the credential a natural next step.
Yes — CertkingdomPDF offers a free demo of the AGA Certified Government Financial Manager (CGFM) questions so you can see the quality before you pay. After purchase, 365 days of free updates are included; once the year expires, renew the update service at a 50% discount from your member zone.
Registration is handled through AGA's official channels:
Delivery of the exam itself is via Computer-based testing via Pearson VUE (test center or online proctoring).
Delivery is instant: your CGFM product is emailed within one minute of payment — if nothing arrives within 2 hours, check spam and contact our 7x24 support; we reply within two hours and resend immediately. On failure, the guarantee has written terms: sit the corresponding CGFM exam within 60 days of purchase, submit a scanned enrollment slip and the official Score Report PDF within 2 days after the exam, and the refund completes within 7 days. The policy covers the corresponding exam only; attempts within 3 days of purchase, exams never actually taken, free materials, and expired orders are excluded, and the candidate name must match the payer name. If you prefer, exchange your product for two free exam products of equal value and keep the update service on the original.
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Training covers the theory; the 115 practice questions for the CGFM exam from CertkingdomPDF test it under real exam conditions.
The AGA Certified Government Financial Manager (CGFM) exam contains 115 questions per exam (345 total) questions within 135 minutes per exam (3 exams total). That is a tight ratio — the candidates who finish calmly are the ones who practiced under a clock. Run full timed sessions in the CertkingdomPDF test engine until CGFM exam pacing becomes habit, not hope.
Bachelor's degree required; 2 years of government financial management experience required for certification (exams can be taken before experience is completed) These rules are set by AGA and may change, so confirm the current requirements on the official exam page: https://www.agacgfm.org/cgfm-certification/cgfm-exams/ before registering for the AGA Certified Government Financial Manager (CGFM) exam.
AGA Certified Government Financial Manager (CGFM) Sample Questions:
Management shoulg consider the cost of internal controls in relationship to
- A. risk of collusion.
- B. the available budget.
- C. inherent risks.
- D. benefits provided.
Correct Answer: D 🗳️
Explanation: Only visible for CertkingdomPDF members. You can sign-up / login (it's free).
Compliance reporting, under government auditing standards, identifies all of the following components EXCEPT
- A. the auditor's responsibility for tests of compliance.
- B. review of major internal control cycles.
- C. areas of noncompliance.
- D. the scopeof the compliance testing.
Correct Answer: B 🗳️
Explanation: Only visible for CertkingdomPDF members. You can sign-up / login (it's free).
An agency benefit program allows employees who commute by public transit up to 10 free taxi trips home per calendar year. Employees can use the program for personal or family health emergencies. The most appropriate method to check for abuse of this program is
- A. using geographic information system data to determine if the destination addresses were hospitals or clinics.
- B. using personal data to determine if the destination address matches the employees home address.
- C. using program data to look for instances of individuals using the service more than 10 times per year.
- D. requesting records from a random sample of employees to verify they used transit on the day they used the taxi services.
Correct Answer: D 🗳️
Explanation: Only visible for CertkingdomPDF members. You can sign-up / login (it's free).
A capital asset transferred to another department within the same government should be
- A. retained in the government's fixed asset tracking system with no change in book value to either department.
- B. recorded with the second department to minimize costs.
- C. retained in the government's fixed asset tracking system showing the book value of the asset transferred to the receiving department.
- D. recorded with the original department to maximize receipts.
Correct Answer: C 🗳️
Explanation: Only visible for CertkingdomPDF members. You can sign-up / login (it's free).
Business process re-engineering typically addresses all of the following EXCEPT the
- A. technical environment.
- B. key processes.
- C. organizational mission.
- D. human environment.
Correct Answer: C 🗳️
Explanation: Only visible for CertkingdomPDF members. You can sign-up / login (it's free).
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